Today, our Hon'ble Finance Minister Nirmala Shitharaman has presented the Union Budget 2019 in Lok Sabha. It was first budget of Modi Govt. after massive victory in Lok Sabha election 2019 where India elected a Govt. with full majority and with their aspirations in their minds for New India.
FM Nirmala Sitharaman is the second female Finance Minister of India following Indira Gandhi. She has presented this budget with the vision of India's growth at 5 trillion U.S. Dollars economy. To achieve this target, she has made huge allocation for next generation infrastructure. She has choose to provide budget aiming to achieve long term goals by investing into infrastructure for rural area, farming, urban development, Swach Bharat Abhiyaan, Green energy etc. She has deprived herself from providing short term benefits or freebies and instead has focused on key areas of development for long term which in my opinion is bold budget.
As far as taxation is concerned, FM has provided huge relief to corporate sector in order to help them for ease of doing business and job creation. There is no change in tax slabs for common men but additional tax slabs has been added for rich people earning income above 2 crores yearly.
So, in my opinion, this budget is in focus for long term benefits, development of infrastructure of India, revival of business sector and job creation, clean energy and water conservation and also save environment. It is pro-poor budget and it will charge more from rich people.
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